ContiTech boosts range

ContiTech's Transportbandsysteme division is expanding by buying the Moers facility from Metso Minerals. This factory makes the Flexowell and Pocketlift conveyor belts, which used in the extraction industries to transport loose bulk material up steep inclines.
February 8, 2012 Read time: 1 min
1527 ContiTech's Transportbandsysteme division is expanding by buying the Moers facility from 6934 Metso. This factory makes the Flexowell and Pocketlift conveyor belts, which used in the extraction industries to transport loose bulk material up steep inclines. The acquisition is a logical one and the ContiTech Conveyor Belt Group is making a strategic move.

Flexowell and Pocketlift conveyor belts will in future be offered by ContiTech and the deal is due for completion on May 1st 2010, although the size of the purchase has not been disclosed. "By doing this we are globally opening up additional markets for ContiTech and are developing our capacities for special conveyor belts", Hans-Jürgen Duensing said, head of the ContiTech Conveyor Belt Group business unit. "The purchase represents the acquisition of additional know-how and numerous special belt patents for ContiTech. This consolidates our market position."
Materials

For more information on companies in this article

Related Content

  • Engineering the Saadiyat Expressway
    February 24, 2012
    A new bridge, said to be the largest in the United Arab Emirates (UAE) in terms of area, is being constructed as part of a major highway project. The US$550 million Saadiyat Expressway project, which involves Leighton Construction (Abu Dhabi), related to one of Australia's largest contracting groups, in constructing a ten-lane, 6.5km long highway to link the UAE's main city, with an exclusive island lying just offshore.
    Read More
  • ContiTech police tip off nets counterfeit V-ribbed belts in Morocco
    September 7, 2012
    The ContiTech Power Transmission Group has pledged to continue its fight against product and brand counterfeiters after counterfeit V-ribbed belts, destined for passenger cars and sports utility vehicles (SUV), were discovered in a warehouse in Casablanca, Morocco. The retailer had already prepared them for sale but, after a tip-off from ContiTech, local authorities seized the belts and had them destroyed. The retailer now faces legal prosecution.
    Read More
  • Ammann finalises ABG paver acquisition
    June 4, 2024
    Ammann Group has finalised its ABG paver acquisition.
    Read More
  • Hill & Smith results 'in line with outlook'
    February 27, 2012
    Hill & Smith Holdings says it has delivered a performance in the first half of 2011 in line with the outlook given at the time of the full-year results in March.
    Read More

Highlighted Content